How to create a risk prevention strategy with Background Check?

Previously we have talked about what background check is and how it has been a pillar to maintain the security of an organization, through knowing the background of the people related to your business. In this article we explain the value of implementing background check within the activities of a risk prevention strategy.

Anticipate falling into bad practices and illegal activities

Institutions such as financial institutions are regulated to ensure that their employees are not involved in money laundering or terrorist financing. To this end, various bodies and institutions such as the UN and the Financial Action Task Force (FATF) have created an international list of blocked persons, with the instruction that if financial institutions detect any of them, their account operations should be stopped and they should be reported.

Through the background check, large volumes of information can be automatically analyzed in lists of organizations such as: 69B SAT, UN, FATF, with which you can prevent people who are related to money laundering and terrorist financing to put the company at risk. In addition, having a background check and Know Your Client (KYC) implementation will allow you to go further in reaching national and international standards that will open the door to opportunities for your company.

What searches are covered by a background check?

• Red de noticias alrededor del mundo
• Bases públicas legales nacionales e internacionales. 
• Historial laboral
• Pruebas psicométricas

For Risk Management areas, being able to anticipate risks is the key to the success of their strategies. Knowing the background of candidates, collaborators and people related to the business is vital to prevent risks such as fraud, theft, money laundering, risky behavior for other members of the organization, among others.

Therefore, implementing automated background searches increases security from the selection of candidates, operational chain and even users, mitigating problems due to reputational damage as well as incidents due to the breach of legal regulations on compliance and quality issues.

If you want to know how to integrate background check to your processes within your risk management strategy, fill out the form and soon an advisor will be helping you to solve all your doubts.